Offshore forex and contracts for difference (CFD) brokers are investing heavily to capture the Vietnamese market. They are running extensive ads on online platforms, hiring country managers for Vietnam, and some are even opening local representative offices. However, their activities in the country are in the grey area, if not outright illegal. Vietnamese authorities, meanwhile, appear to have started cracking down on forex trading frauds, which are expected to have duped investors in the tune of hundreds of millions of dollars. Vietnam has tight currency controls in place. Banks typically emphasise the traceability ... (full story)